Cryptocurrency news

• Crypto users renew calls for Satoshi Nakamoto to win Nobel memorial prize for economics

  13-10-2022 23:26 via cointelegraph.com
  Major figures in the crypto space argued the Bitcoin creator was the most deserving candidate for the economic award, despite the fact Satoshi's true identity remains unknown.
  
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• Tether cuts commercial paper reserves to zero

  13-10-2022 23:25 via coinjournal.net
  Tether’s commercial paper has shrunk to zero, the USDT issuer has announced.
  Instead of holding commercial paper, Tether has replaced the investments with US Treasury Bills (T-Bills).
  The news comes just a few months after the USDT issuer said it would completely remove commercial paper from its reserves, and is a route the company has pursued as it looks to increase transparency around its stablecoin reserves.
  Tether has eliminated over $30 billion dollars of commercial paper without any
  
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• Rep. McHenry gives progress report on stablecoin legislation, says it’s an ‘ugly baby’

  13-10-2022 23:00 via cointelegraph.com
  The ranking member of the House Financial Services Committee praised the bipartisanship behind the coming bill, but says there are “complex conversations” ahead.
  
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• Time to switch from LinkedIn to MetaMask? Not yet, but soon

  13-10-2022 22:54 via cointelegraph.com
  Thanks to NFTs, crypto wallets will soon enable users to prove their credentials without using third-party background checks.
  
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• Here Are The Crypto That Kept Green During The Bloodbath

  13-10-2022 22:46 via newsbtc.com
  The crypto market is bouncing back from another sudden move into the lows with Bitcoin, Ethereum, and other major cryptocurrencies recording heavy losses. In this dangerous environment for risk, there are a select few tokens still in profit with the potential to continue swimming against the tide in the coming weeks.At the time of writing, Bitcoin is back in its range trading at $19,200 making a comeback after a quick revisit close to its yearly lows. Ethereum is following a similar trend but st
  
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• Hackers have stolen record $3 billion in cryptocurrency this year - CBS News

  13-10-2022 22:16 via cbsnews.com
  Hackers have stolen record $3 billion in cryptocurrency this year  CBS News
  
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• Cosmos co-founder says a major security vulnerability has been uncovered on IBC

  13-10-2022 22:15 via cointelegraph.com
  A public patch fixing the exploit is scheduled to be released tomorrow.
  
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• Uniswap Labs raises $165 million to support its Web3 ecosystem

  13-10-2022 21:48 via coinjournal.net
  Uniswap wants to ‘bring Web3 to everyone’ , said founder and CEO Hayden Adams.
  Uniswap Labs, the leading decentralised exchange (DEX) platform in the crypto ecosystem and which is behind the Uniswap cryptocurrency, has raised $165 million in its series B funding round as it looks to push forth with ambitions around NFTs and Web3.
  Polychain Capital led the funding round, with multiple top crypto-oriented venture firms also participating.
  According to the announcement shared via Twitte
  
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• This is what your email could look like in Web3

  13-10-2022 21:30 via cointelegraph.com
  The first generation of blockchain-based messaging platforms are attempting to address a missing pieces of Web3 adoption.
  
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• Solana price movement amid 6% bear run

  13-10-2022 21:22 via coinjournal.net
  Solana (SOL/USD) succumbed to the bear cryptocurrency market on Thursday. On CoinMarketCap, SOL was trading with an intraday loss of 6.63% and a weekly 14% drop. 
  Solana’s price hit the lowest since June.
  Solana trades at $28.9, the lowest price since mid-June. Thursday’s bear momentum in Solana happens amid an inflation report. According to the Labour Department, inflation rose by a yearly 8.2%. The rate surpassed estimates, raising fears that the Fed could hike rates faster in
  
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• Cryptocurrency Litecoin Down More Than 3% Within 24 hours - Litecoin (LTC/USD) - Benzinga

  13-10-2022 21:03 via benzinga.com
  Cryptocurrency Litecoin Down More Than 3% Within 24 hours - Litecoin (LTC/USD)  Benzinga
  
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• US lawmaker says crypto regulation from SEC is 'needed now'

  13-10-2022 20:45 via cointelegraph.com
  Senator Hickenlooper requested the SEC engage with the public by opening a “notice-and-comment period” to develop rules and regulations applicable to crypto.
  
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• Cardano Drops To Lowest Level In Last 7 Days – ADA Bracing For Further Decline?

  13-10-2022 20:40 via newsbtc.com
  Cardano, the 8th largest cryptocurrency in terms of market capitalization, traded for $0.38 at one point today to drop to the lowest it’s been for the past 21 months.ADA just recorded its 2022 all-time low of $0.36
  Cardano may be on another bearish run all the way to the forecasted $0.25 mark
  IOG leans on strong fundamentals to have a bullish rally.The downward slide continues for ADA, as its price declined further. As of this writing, data from Coingecko shows the asset is trading at $0.3
  
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• Cardano relinquishes support to a fresh new low. What’s the outlook?

  13-10-2022 20:25 via coinjournal.net
  Cardano (ADA/USD) has tanked 7% in the past day to a record low of $0.03612. On the weekly scale, the price represents a 16% dip. In general, the overall crypto market is looking bleak. Bitcoin has lost $19k support, trading at $18,357, while Ether is 6% down to $1,215.
  Last week, ADA was locked in a descending triangle, with analysts predicting a price under $0.25. Can the crypto survive the bear onslaught? The current market sell-off is anticipated to extend between now up to December. 
  U
  
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• Hackers have already stolen $3 billion worth of crypto in 2022: Chainalysis

  13-10-2022 20:24 via coinjournal.net
  Hackers have so far stolen $718 million from DeFi protocols in October, which could yet be the biggest month for hackers, Chainalysis said in a report.
  Total value hacked and the number of hackings across the decentralised finance (DeFi) ecosystem has shot up over 2022, with billions stolen in what is turning out to be the biggest year for hackers in cryptocurrency.
  According to blockchain security and analytics firm Chainalysis, October has seen 11 different hacks targeting DeFi protocols. As t
  
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• How long can Bitcoin’s bear market last? Crypto billionaire Novogratz shares thoughts

  13-10-2022 20:12 via coinjournal.net
  Bitcoin (BTC/USD) sellers are largely exhausted, according to crypto billionaire Mike Novogratz. Novogratz says that after a big sell-off three months ago, most people that wanted to sell Bitcoin have done so. He notes that the BTC price has largely been muted, allowing a potential takeoff once a “good story” builds up. So, is a bullish price reversal imminent? 
  Novogratz warns that Bitcoin and other cryptocurrencies will rally once the Fed pauses policy tightening. That’s
  
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• Tether reduces commercial paper exposure to zero, replaces investments with T-Bills

  13-10-2022 20:10 via cointelegraph.com
  The USDT issuer has faced criticisms for its exposure to commercial paper and, specifically, its alleged holdings of Chinese commercial paper.
  
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• Decision time as Ethereum eyes a break below a key support

  13-10-2022 20:06 via coinjournal.net
  Ethereum (ETH/USD) was a victim of an accelerated sell-off on Thursday. A drop of 5% was enough to take Ethereum to below $1,250, a key support zone. As of press time, Ethereum was trading at $1,199, slightly below or at the support zone. The sell-off is not unique to ETH, as most cryptocurrencies fell ahead of inflation data.
  The latest fall in Ethereum and other cryptocurrencies highlights that the bear market is still undone. Investors are cautious that the US central bank could hike rates fa
  
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• Bitcoin traders were ready for a hot CPI report, but BTC bears are still in control

  13-10-2022 19:41 via cointelegraph.com
  BTC nose-dived to its lowest level since Sept. 21, and data shows pro traders continue to avoid leverage longs.
  
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• EU commissioner McGuiness says privacy, AML may look different from US under MiCA

  13-10-2022 19:30 via cointelegraph.com
  The commissioner said Europe is watching U.S. securities regulation developments very closely, but Europe is not following the American lead in its attitude toward energy use.
  
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• Bitcoin Dominance Rises As Market Turns Red, What Does This Mean For Altcoins?

  13-10-2022 19:18 via newsbtc.com
  BTC.D rises in price as altcoins suffer a bloody day in crypto. 
  BTC.D attempts to break out above 8, and 20-day Exponential Moving Averages as altcoins struggle to hold their key support. 
  The price of BTC.D eyes a rally to 48% as this could mean more pain for altcoins. Many altcoins have experienced a relief bounce across the market as Bitcoin Dominance (BTC.D) remains below the 40% marked area allowing altcoins to rally when the market recovers. With Bitcoin Dominance (BTC.D)
  
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• Shiba Inu Adds Another Zero, Is It Time To Jump Ship?

  13-10-2022 19:00 via newsbtc.com
  Shiba Inu has had a hard time holding on to the value that it had garnered in the bull run of 2021. Along the way, there have been utility and use cases being put forward for the digital asset but even that has not helped it retain its value. Now, the meme coin has fallen below an important technical level, triggering sell signals.
  Shiba Inu Falls Below $0.00001
  Over the last couple of months, the price of SHIB had continued to trend above $0.00001. This level had become important over time as b
  
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• UK gov't introduces bill to digitize trade documents — potentially traced using blockchain

  13-10-2022 18:45 via cointelegraph.com
  The Lord Privy Seal of the U.K.’s House of Lords introduced the bill, which, ironically, was “ordered to be printed” following the first reading on Oct. 12.
  
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• Polygon Draws Strength From Gaming Space – But Will It Boost MATIC?

  13-10-2022 18:39 via newsbtc.com
  The expanding gaming landscape in the Polygon network is making some positive noise in the crypto space.
  Games use thousands of polygons to run well. As for the blockchain gaming community, they’re now using Polygon. Sandeep Nailwal, co-founder of Polygon, recently tweeted evidence of the company’s leadership in the blockchain gaming industry.
  “Just look at the growth of gaming users on @0xPolygon. Growth is “ORDERS OF MAGNITUDE” bigger than any other chain ecosyste
  
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• CPI Crushes Bitcoin Price Down To $17,900, New Lows Imminent?

  13-10-2022 18:04 via newsbtc.com
  Bitcoin lost support at $18,600 and trended lower close to its yearly bottom at $17,900. The cryptocurrency managed to stop the bleeding at these levels, but the general sentiment in the markets seems to have flipped from dubious to fearful.
  At the time of writing, Bitcoin was trading at $18,300 with a 4% loss in the last 24 hours and a 9% loss in the past week, but it has been rebounding over the past hour. Other major cryptocurrencies followed BTC’s price into the abyss and are recording
  
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• Blockchain games and metaverse projects raised $1.3B in Q3: DappRadar

  13-10-2022 18:00 via cointelegraph.com
  The blockchain gaming sector remains active in terms of adoption and venture capital firms have taken notice, according to industry data.
  
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• Al tech aims to make metaverse design accessible for creators

  13-10-2022 18:00 via cointelegraph.com
  The Mona metaverse unveiled an AI-enabled material creator for advanced creative and personalized metaverse design.
  
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• BTC price hits 3-week lows on US CPI as Bitcoin liquidates $57M

  13-10-2022 17:41 via cointelegraph.com
  Predictable but unsettling chaos hits crypto markets as U.S. inflation data sparks a rout to $18,200 for BTC.
  
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• Uniswap Labs raises $165M as attention shifts to NFTs, Web3

  13-10-2022 17:30 via cointelegraph.com
  The decentralized exchange has supported $1.2 trillion in cumulative trading volume since its inception, according to founder and CEO Hayden Adams.
  
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• Why is the price of Huobi Token up 12% today as rest of the market slumps?

  13-10-2022 17:05 via cointelegraph.com
  HT price makes further gains as Huobi Global opens SEAN spot trading, but the rally might be short-lived as technicals flip bearish.
  
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• Why is the price of Houbi Token up 12% today as rest of the market slumps?

  13-10-2022 17:05 via cointelegraph.com
  HT price makes further gains as Huobi Global opens SEAN spot trading, but the rally might be short-lived as technicals flip bearish.
  
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• Terra Coin Price Balloons 30% – But Can LUNA Reach Higher Terrain?

  13-10-2022 16:25 via newsbtc.com
  Terra (LUNA) woke up to a good day on Wednesday as the token made an impressive 30% jump in its price on the way to tallying a high of $3.08.Terra accounted for 25.06% of the entire token holdings among the top 100 ETH whales
  LUNA price surged by 30% today and hit $3.08
  Bullish momentum is possible and trading price might reach $3.25The crypto, though, immediately experienced price correction as it is trading at $2.69 at press time according to tracking from Coingecko.
  Still, Terra is looking at
  
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• AGIX price prediction as SingularityNET token soars

  13-10-2022 16:21 via coinjournal.net
  AGIX price soared to a high of $0.1115, which was the highest level since April 28. It has surged by more than 238% from the lowest level in June. According to CoinGecko, its total market cap soared to more than $91 million. SingularityNET jumped even as cryptocurrency prices crashed.
  What is SingularityNET?
  Artificial Intelligence (AI) is one of the most important technologies in the world. It is used across most industries, including automobile and technology sectors. 
  SingularityNET
  
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• NFTs and crypto provide fundraising options for breast cancer awareness

  13-10-2022 16:12 via cointelegraph.com
  Organizations are partnering with NFT projects and accepting crypto donations to draw attention to Breast Cancer Awareness Month.
  
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• Cryptocurrency Comes to the Charter Market - Aviation International News

  13-10-2022 16:09 via ainonline.com
  Cryptocurrency Comes to the Charter Market  Aviation International News
  
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• Crypto clash: How low can Ethereum price crash to?

  13-10-2022 15:47 via coinjournal.net
  A crypto clash is underway. Ethereum price crashed to a low of $1,200 on Thursday after the red-hot American consumer inflation data. The same happened for other cryptocurrencies like Bitcoin, Ripple, Solana, Kadena, and Velas have all plunged. 
  Red-hot US inflation data
  Ethereum plunged before and after the US published the latest inflation data. The numbers showed that core inflation, which excludes the volatile food and energy prices rose by 0.6% in September. That increase was better th
  
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• Bitcoin to become 'trusted means of exchange' in EU: Bitcoin Amsterdam 2022

  13-10-2022 15:44 via cointelegraph.com
  Cointelegraph reporter Gareth Jenkinson interviewed Nigel Farage, a former member of the European Parliament, at the Bitcoin Amsterdam 2022 event.
  
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• AARP Fraud Watch: Red flags of cryptocurrency - ABC27

  13-10-2022 15:31 via abc27.com
  AARP Fraud Watch: Red flags of cryptocurrency  ABC27
  
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• Solving Vitalik Buterin's 'blockchain trilemma' will ensure cryptocurrency growth - City A.M.

  13-10-2022 15:25 via cityam.com
  Solving Vitalik Buterin's 'blockchain trilemma' will ensure cryptocurrency growth  City A.M.
  
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• Samsung uses blockchain-based security for devices in its network

  13-10-2022 15:24 via cointelegraph.com
  Samsung’s Knox Matrix uses blockchain technology backing to increase security for all personal smart devices of a user connected to the network.
  
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• Brazilian Securities and Exchange Commission CVM Defines Rules to Classify Cryptocurrency Assets as Securities – Regulation Bitcoin News - Bitcoin News

  13-10-2022 15:04 via news.bitcoin.com
  Brazilian Securities and Exchange Commission CVM Defines Rules to Classify Cryptocurrency Assets as Securities – Regulation Bitcoin News  Bitcoin News
  
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• Meta’s Web3 hopes face challenge of decentralization and market headwinds

  13-10-2022 15:01 via cointelegraph.com
  Meta’s metaverse aspirations haven’t fared well for the tech giant, as the firm wiped out nearly five years’ worth of market cap in just 10 months of 2022.
  
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• Hodlers prefer centralized exchanges over DeFi for security: Chainalysis

  13-10-2022 14:55 via cointelegraph.com
  Security remains a perennial concern for DeFi protocols, but DeFi will still inevitably “grow and flourish,” Bitfinex CTO Paolo Ardoino believes.
  
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• Crypto Quant Data Hints An Imminent Bitcoin Price Rally, Will It Be Strong?

  13-10-2022 14:31 via newsbtc.com
  The beginning of 2022 has been rocky for the world’s largest cryptocurrency, Bitcoin. Many experts believe the digital token will eventually hit the $100K price. For them, this is not a case of if but when. Deutsche Bank also reported that some Bitcoin investors see BTC reaching a price of $110,000 in five years.
  Meanwhile, experts warn new crypto investors, stating they should be cautious about how much they wish to invest. They mentioned this considering the volatility of BTC in recent t
  
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• The Future of Cryptocurrency Trading - hackernoon.com

  13-10-2022 14:16 via hackernoon.com
  The Future of Cryptocurrency Trading  hackernoon.com
  
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• Infinity Games Chooses Kin Cryptocurrency for New Web3 Initiative - Benzinga

  13-10-2022 14:08 via benzinga.com
  Infinity Games Chooses Kin Cryptocurrency for New Web3 Initiative  Benzinga
  
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• PointPay, the Blockchain-Based Platform, Launches Solutions to Navigate the Cryptocurrency Market Turbulence - AccessWire

  13-10-2022 14:00 via accesswire.com
  PointPay, the Blockchain-Based Platform, Launches Solutions to Navigate the Cryptocurrency Market Turbulence  AccessWire
  
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• BlueSnap Partners with BitPay to Offer Cryptocurrency Acceptance and Payout - PR Newswire

  13-10-2022 13:00 via prnewswire.com
  BlueSnap Partners with BitPay to Offer Cryptocurrency Acceptance and Payout  PR Newswire
  
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• Bitcoin Price Threatened By Sticky Inflation, CPI Print To Shed More Light

  13-10-2022 13:00 via newsbtc.com
  Hovering at a range between $18,800 and $19,500, the Bitcoin price is chopping out short and long positions. The current dynamics in the market have been determined by macro forces leading BTC to extreme as it approaches a major economic event.
  The Consumer Price Index (CPI) for September is poised to operate as one of these events. In the past months, these reports, used by the U.S. Federal Reserve (Fed) to benchmark inflation, have been followed by spikes in volatility.
  At the time of writing,
  
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• DappRadar explains why it counted less than 40 active users on Decentraland

  13-10-2022 12:50 via cointelegraph.com
  DappRadar only tracks users directly interacting with blockchain, a new blog post explains. For example, Axie Infinity’s daily user count is over 100,000, but DappRadar measures it only at 20,000.
  
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